Examlex
Within six months of effectively using methicillin to treat S. aureus infections in a community, all new infections were caused by MRSA. How can this result best be explained?
Cooperative Behavior
Actions taken by individuals or organizations that are designed to benefit others or achieve a common goal through collaboration.
Product Differentiation
Product differentiation is a strategy businesses use to make their products unique and stand out from competitors, often through design, quality, or features.
Price War
A competitive business strategy in which companies repeatedly cut prices to undercut competitors, often resulting in reduced profit margins for everyone involved.
Tacit Collusion
An unspoken, informal agreement among competitors to avoid certain competitive practices, like price wars, to keep prices at a certain level or to divide markets.
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